Market Insight

Market Roundup

The Bureau of Statistics of China announced that the CPI for July fell by 0.3% YoY, which was better than the consensus of 0.4%. The HSI opened 124 points lower and narrowed its losses to 10 points before noon. The HSI closed at 19,246 points today, up 61 points or 0.3%. The HSTECH closed flat at 4,373. The HSCEI rose 25 points, or 0.4%, to 6,613. Market turnover was 85.0bn. Financial stocks fell along with US banking stocks today. HSBC (0005) and AIA (1299) fell 0.2% and 1.1% respectively. Li Auto (2015) 3Q delivery target missed market expectations, share price fell 5.5%.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.